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Kerala flags GST revenue deficit ahead of meet
The Free Press Journal - Indore
|August 29, 2025
CLAIM CONTESTED | Balagopal doubted if rate reduction would translate into price relief
Finance Minister K.N. Balagopal declared that the state will raise pressing concerns over steep revenue shortfalls at the GST Council meeting to be held on 3 and 4 September. He projected an anticipated annual loss of ₹8,000-10,000 crore, a blow he warned could imperil essential public services and welfare programmes. Kerala suffered a revenue deficit of ₹21,955 crore last financial year when the five-year GST compensation ended; the new shortfall compounds this fiscal strain.
Diese Geschichte stammt aus der August 29, 2025-Ausgabe von The Free Press Journal - Indore.
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